GOLD - USD - 1H - Technical analysis published on 04/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 2,353.62 USD
My targets
2,305.17 USD (-1.14%)
2,291.48 USD (-1.73%)
My analysis
GOLD - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2,353.62 USD. The next support located at 2,305.17 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2,291.48 USD. Below this support, sellers could then target 2,157.06 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.5
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This analysis was given by jann1414. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLD - USD rating 2,331.77 USD. The price is lower by -0.18% since the last closing and was traded between 2,320.00 USD and 2,338.45 USD over the period. The price is currently at +0.51% from its lowest and -0.29% from its highest.2,320.00
2,338.45
2,331.77
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GOLD - USD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 2,157.06 | 2,291.48 | 2,305.17 | 2,331.77 | 2,331.88 | 2,353.62 | 2,373.14 |
Change (%) | -7.49% | -1.73% | -1.14% | - | +0.00% | +0.94% | +1.77% |
Change | -174.71 | -40.29 | -26.60 | - | +0.11 | +21.85 | +41.37 |
Level | Minor | Intermediate | Intermediate | - | Minor | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,297.68 | 2,311.99 | 2,324.00 | 2,338.31 | 2,350.32 | 2,364.63 | 2,376.64 |
Camarilla | 2,328.78 | 2,331.20 | 2,333.61 | 2,336.02 | 2,338.43 | 2,340.85 | 2,343.26 |
Woodie | 2,296.54 | 2,311.42 | 2,322.86 | 2,337.74 | 2,349.18 | 2,364.06 | 2,375.50 |
Fibonacci | 2,311.99 | 2,322.04 | 2,328.25 | 2,338.31 | 2,348.36 | 2,354.57 | 2,364.63 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,187.28 | 2,239.38 | 2,287.70 | 2,339.80 | 2,388.12 | 2,440.22 | 2,488.54 |
Camarilla | 2,308.41 | 2,317.61 | 2,326.82 | 2,336.02 | 2,345.23 | 2,354.43 | 2,363.64 |
Woodie | 2,185.39 | 2,238.44 | 2,285.81 | 2,338.86 | 2,386.23 | 2,439.28 | 2,486.65 |
Fibonacci | 2,239.38 | 2,277.74 | 2,301.44 | 2,339.80 | 2,378.16 | 2,401.86 | 2,440.22 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,905.68 | 1,972.37 | 2,103.03 | 2,169.72 | 2,300.38 | 2,367.07 | 2,497.73 |
Camarilla | 2,179.41 | 2,197.50 | 2,215.59 | 2,233.68 | 2,251.77 | 2,269.86 | 2,287.95 |
Woodie | 1,937.66 | 1,988.36 | 2,135.01 | 2,185.71 | 2,332.36 | 2,383.06 | 2,529.71 |
Fibonacci | 1,972.37 | 2,047.76 | 2,094.34 | 2,169.72 | 2,245.11 | 2,291.69 | 2,367.07 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 46.06 | |
MACD (12,26,9): | -1.3900 | |
Directional Movement: | -5.42 | |
AROON (14): | -71.43 | |
DEMA (21): | 2,333.16 | |
Parabolic SAR (0,02-0,02-0,2): | 2,343.99 | |
Elder Ray (13): | 0.26 | |
Super Trend (3,10): | 2,346.23 | |
Zig ZAG (10): | 2,330.51 | |
VORTEX (21): | 0.9500 | |
Stochastique (14,3,5): | 41.83 | |
TEMA (21): | 2,329.72 | |
Williams %R (14): | -53.56 | |
Chande Momentum Oscillator (20): | -3.88 | |
Repulse (5,40,3): | -0.1000 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.88 |
MA7: | 2,337.13 | |
MA20: | 2,340.80 | |
MA50: | 2,212.57 | |
MA100: | 2,121.88 | |
MAexp7: | 2,331.09 | |
MAexp20: | 2,334.24 | |
MAexp50: | 2,333.29 | |
MAexp100: | 2,334.91 | |
Price / MA7: | -0.23% | |
Price / MA20: | -0.39% | |
Price / MA50: | +5.39% | |
Price / MA100: | +9.89% | |
Price / MAexp7: | +0.03% | |
Price / MAexp20: | -0.11% | |
Price / MAexp50: | -0.07% | |
Price / MAexp100: | -0.13% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
The latest news and videos published on GOLD - USD at the time of the analysis were as follows:
- Gold Long Term Forecast for April 28, by Chris Lewis, for #fxempire #trading #gold #xauusd
- Gold Daily Forecast and Technical Analysis for April 26, 2024 by Bruce Powers, CMT, FX Empire
- Gold Long Term Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
- Gold Daily Forecast and Technical Analysis for April 26, 2024, by Chris Lewis for FX Empire
- Gold Daily Forecast and Technical Analysis for April 25, 2024 by Bruce Powers, CMT, FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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